German parliament to clear way for women quota on some company boards [Reuters]
HEIDELBERGCEMENT UNSP/ADR (HDELY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
boards after an agreement to give companies more time to adapt and to guarantee female executives maternity leave. FILE PHOTO: The skyline with its financial district is photographed as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown in Frankfurt, Germany, January 14, 2021. REUTERS/Kai Pfaffenbach The legislation, which the cabinet approved in January, could now be passed in June after the coalition government's parliamentary groups reached the agreement. “Highly qualified women still come up against glass ceilings far too often,” Justice Minister Christine Lambrecht said. “There are still pure men's clubs on the boards of directors who like to keep to themselves. This will come to an end in the future.” The new law affects around 70 companies and will force larger listed firms whose management boards have more than three members to include at least one woman. Firms will be required to report on whether and how they aim to meet the qu
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